unclenna: For the little testing carried out the EA has great potentials in the lower time frames like 15mins and 5mins......Later I will release the settings am using to test because not all settings are profitable at the long run. ...Am using $400 as initial deposit because the focus of this EA is for people with low account from $100 - $500......

aguiyi: from your test does the ea have a re entry

unclenna: ROUGH TESTING OF UNCLENNA'S EA

Initial Deposit: $400
Lot size: 0.1
Test Period: 1/08/2012 to 31/08/2012........... for now.

TEST 1:
Initial deposit: $400, Lot size: 0.1, DDFX bbstop v3 length 14, Deviation = 3.

TIME FRAME: 15MINS

Gross Profit: $991.13, Gross loss: -814.02, Total Net profit: $177.11

TIME FRAME: 1 HR

Gross Profit: $595.58, Gross loss: -686.45, Total Net profit: $-90.87, MAXIMUM DRAW DOWN: 233.41

TIME FRAME: 5 MINS

Gross Profit: $1035.93, Gross loss: -830.79, Total Net profit: $205.14, MAXIMUM DRAW DOWN: 76

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TEST 2:
Initial deposit: $400, Lot size: 0.1, DDFX bbstop v3 length 20, Deviation = 3.

TIME FRAME: 15MINS

Gross Profit: $932.07, Gross loss: -827.28, Total Net profit: $104.79

TIME FRAME: 1 HR

Gross Profit: $630.62, Gross loss: -609.39, Total Net profit: $21.23, ABSOLUTE DRAW DOWN: 63.49

TIME FRAME: 5 MINS

Gross Profit: $1053.82, Gross loss: -878.20, Total Net profit: $175.61, ABSOLUTE DRAW DOWN: 76.00
==============================================================================================================================================

TEST 3:
Initial deposit: $400, Lot size: 0.1, DDFX bbstop v3 length 20, Deviation = 2.

TIME FRAME: 15MINS

Gross Profit: $946.57, Gross loss: -951.71, Total Net profit: -5.15

absolute draw down: 55

TIME FRAME: 1 HR

Gross Profit: $660.49, Gross loss: -763.35, Total Net profit: $-102.87, Absolute DRAW DOWN: 193.31
===========================================================================================================================

TEST 4:
Initial deposit: $400, Lot size: 0.1, DDFX bbstop v3 length 14, Deviation = 2....Default settings

TIME FRAME: 15MINS

Gross Profit: $1002.77, Gross loss: -949.90, Total Net profit: 52.87
================================================================================================================================

From this test the best settings for the EA is ddfx bbstop v3 Length 14, Deviation 2. Length 14 picks the signal early and deviation 3 helps the EA to stay in the market long since it avoids unnecessary signals......
From the above result the optimized setting that will give a good result in the long run is : LENGTH: 14, DEVIATION: 3.
From the above result the best time frame for this EA is 15mins though 5mins is also a good time frame to use. Is not yet adviceable though not concluded to use this EA in 1hr time frame.
==================================================================================================================================================

Later I will carry out test to optimize the stoploss, Take profit, trailing stop/pips locker and Entry point.......Keep in touch for more info.

@wizecode thank you again very much.....The way you call me and listen when I call no one will believe that you are doing this EA free of charge.

=======================================================================================================================================================

aguiyi: what pair are you tsting it on and which is the most profitable...............EU
whats the lot size...................................................................0.1
whats the duration....................................................................Just one month for now
how many pips sl and tp....................Have not optimized this one
how many pips trailing..........................Have not optimized this one

wizecoder: ............ DISCLAIMER...........
I wizecoder hereby announce to the general public that my free EAs on this forum is strictly for educational purpose and i will not be held liable for any loss that incurred based on its use.
Note : Past performance does not guarantee future performance.
free MQL tutorial is available on....
http://www.forexlodge.com/content.php?117-mq4-prog.-tutorials
Learn to fish.

unclenna:

wizecoder: The EA is attached......... proper correction made...........trade 24/5...

wizecoder: Please Guyz let us do this as a team ...............its time to get our hands dirty... ...... dowload the mq4 E-book and start reading its self explanatory..... i may not be able to make minor code adjustment on time...so u can sort this out your self..............
Note: i am always willing to help in my spare time.......................

wizecoder: The EA is attached......... proper correction made...........trade 24/5...

blink182: this Iڪ nice, kudos †☺ wizecoder.

Please backtest this ea with 2 or more years, preferably 4 years. Thanks a lot.

unclenna: Pls where we I get data for that? Please help if you can......My main aim now is to get the features ready and optimize. Still battling with some critical issues that will make the EA more profitable.

wizecoder: .............
nna wan kill me with laugh.............
using a month back-test result....... .
Updating ma database.... may give u longer time frame test.
.......But remember this EA is still a long way to perfection.....not profitable for now.so this is strictly a research lab

unclenna: @Wizecoder, please the problem with the EA not being able to open orders at the same time it closes a current order is still not solved. Please how can we solve that. You know in forex time is very important. For instance I have discovered that if the EA closes a trade @ 14:15 it will open another counter trade at 14:45 instead of opening the trade @ exact time it closed the first trade i.e 14:15. Please look into this problem........

Another thing I have discovered is that after the EA hits its TAKE PROFIT it will opens a trade in the opposite direction of the previous trade it closed without waiting for an alert......For instance, If the EA has a buy trade with take profit set to 65pips, once the EA hits the take profit it will open a SELL trade without waiting for the alert. This is not how it suppose to be......The proper thing for the EA to do in this example is to wait for a SELL signal before opening a trade. Take profit does not mean the trend has changed. Pls look into this too. Thank you for your time and Effort.

wizecoder: .............
nna wan kill me with laugh.............
using a month back-test result....... .
Updating ma database.... may give u longer time frame test.
.......But remember this EA is still a long way to perfection.....not profitable for now.so this is strictly a research lab

wizecoder: run the test in one minute

wizecoder: Please Guyz let us do this as a team ...............its time to get our hands dirty... ...... dowload the mq4 E-book and start reading its self explanatory..... i may not be able to make minor code adjustment on time...so u can sort this out your self..............
Note: i am always willing to help in my spare time.......................

I have downloaded the book in your site.... I will make out time to read it in other to learn the codes....If I have any question please I will still ask you....you know say i no get programming experience......

beejaay: Hi Wisecoder this is a great thread you started. i have actually started going through mq4 language myself to start learning the coding thing. personally i have like 5 different profitable systems to code but the time have not always being there to fast track the reading. can we have a chat on yahoo messenger or skype? my yahoo id is rabiusanusi01@yahoo.cm or freebejay on skype.

unclenna: @wizecoder I have tested it in one minute and the opening time is ok compare to the other time frames. But I don't have plans of trading the EA in one minute time frame. Please is there no way the 15minutes and other time frames can be coded to open exactly the same time the EA closes a trade when it receives a counter alert.

aguiyi: Why not drop the info here for the benefit of others

wizecoder:
Drop it here...

wizecoder:
The best way to get crazy profit is to run it on 1 min.... it only enters trade on one minute every other chart parameters are taken from 15mins or time frame specified on the ITIME function